Chicago (www.aktiencheck.de) – Snap stock analysis by Loop Capital:
In a current stock analysis, Loop Capital continues to recommend buying the shares of Snap Inc. (ISIN: US83304A1060, WKN: A2DLMS, ticker symbol: 1SI, NYSE symbol: SNAP), but lowers the price target.
Snapchat’s parent company reported disappointing Q2 results, with direct response advertising revenue meeting forecasts but brand advertising revenue plunging from 12% growth in Q1 to a 1% decline in Q2, according to a study released Monday. Loop Capital also reduced its assumed sales multiple for Snap stock to 4x from 5x.
In a recent stock analysis, Loop Capital confirmed the “buy” rating for Snap shares and reduced the price target from 20 to 14 USD. (Update from August 5, 2024)
Please also note information on the disclosure obligation in the event of conflicts of interest within the meaning of Directive 2014/57/EU and corresponding EU regulations for the analyst house mentioned under the following link.
Stock exchanges Snap shares:
Tradegate share price Snap share:
7,944 EUR -7,33% (02.08.2024, 22:26)
NYSE share price Snap stock:
8,71 USD -6,94% (02.08.2024, 22:00)
ISIN Snap-Aktie:
US83304A1060
WKN Snap Action:
A2DLMS
Snap stock ticker symbol:
1YES
NYSE Symbol Snap Stock:
SNAP
Course Profile Snap Inc.:
Snap Inc. (ISIN: US83304A1060, WKN: A2DLMS, Ticker Symbol: 1SI, NYSE Symbol: SNAP) is a US technology and social media company. Its products include the instant messaging service SnapChat. The app can be used to send photos that are deleted automatically after a short time. In addition to the app, Snap also produces a wearable camera, so-called Spectacles, in the shape of sunglasses. Snap describes itself as a camera company. (06.08.2024/ac/a/n)
Disclosure of possible conflicts of interest:
You can view possible conflicts of interest on the site of the creator/source of the analysis.
